According to SMM survey, the domestic stainless steel output in July totalled about 2.3705 million mt, down 273,800 mt or 10.35% MoM and 18.76% YoY. The output of 200 series stainless steel stood at 651,000 mt, down 25.68% YoY; 300 series 1.3199 million mt, down 14.29% YoY; 400 series 399,600 mt, down 20.4% YoY.
According to SMM survey, the domestic stainless steel output in May totalled about 2.9262 million mt, up 28,800 mt or 1% MoM and down 1.4% YoY. 200 series stainless steel stood at 917,000 mt, up 10.1% YoY; 300 series recorded 1.4506 million mt, down 2.93% YoY; and 400 series was 558,500 mt, down 3.09% YoY.
SHANGHAI, Mar 10 (SMM) – After hitting a record high of 24,785 yuan/mt on March 8, the most-traded stainless steel futures contract started falling off a cliff.